Al-Waleed bin Talal

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Kingdom 5KR, a yacht owned by Alwaleed Bin Talal

Prince Al-Waleed bin Talal (also spelled Waleed bin Talal) (Arabic: الوليد بن طلال بن عبد العزيز آل سعود‎; born 7 March 1955) is a member of the Saudi Royal Family. He is the nephew of the Saudi Arabian King Abdullah. An entrepreneur and international investor but without real political power within the House of Saud or in Saudi Arabia, he has amassed a fortune through investments in real estate and the stock market.

As of March 2010, his net worth is estimated at US$19.4 billion, up from $13.3 billion, according to Forbes, making him the 19th richest person in the world on their list published in March 2010.[1] He has been nicknamed by Time magazine as the Arabian Warren Buffett.[2]

Talal bought the super yacht Kingdom5KR.[3] It had been owned by Donald Trump and called the "Trump Princess".[3] The yacht, built in 1980, was used in the James Bond movie, Never Say Never Again.[3] It has 11 cabins, can take 22 guests and has a crew of 31.[4]

On 4 November 2017, he was arrested in Saudi Arabia, in an anti-corruption raid,[5][6] together with, among others, Waleed bin Ibrahim Al Ibrahim and Saleh Abdullah Kamel.[7]

References[change | change source]

  1. Forbes topic page on Prince Alwaleed Retrieved March 2010
  2. "Your chance to quiz Prince Alwaleed". Arabian Business.
  3. 3.0 3.1 3.2 "Kingdom 5KR". yachts.monacoeye.com. 2011. Retrieved 6 November 2011.
  4. "Kingdom 5KR Yacht - Benetti motor yacht". superyachts.com. 2011. Retrieved 6 November 2011.
  5. Saudi Arabia Arrests 11 Princes, Including Billionaire Alwaleed bin Talal, by D. Kirkpatric, Nov. 4, 2017, The New York Times
  6. Billionaire Saudi Prince Alwaleed Bin Talal arrested in corruption crackdown: Local reports, CNBC
  7. Alwaleed bin Talal, two other billionaires tycoons among Saudi arrests, 4 November, Daily Sabah